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Leverage for Good

An Introduction to the New Frontiers of Philanthropy and Social Investment

Lester M. Salamon

Provides the most comprehensive and balanced account of a development that is fundamentally changing the way social and environmental purposes are beginning to be pursued around the world-namely through complex combinations of charitable, governmental, and private investment resources
Introduces the concept of the 'new frontiers of philanthropy,' a new conceptual lens that can organize and bring into focus a quite dramatic and promising set of changes under way in the broad arena of mobilizing private resources for social and environmental purposes
Lays a powerful foundation for students newly entering this field as well as long-time practitioners who are familiar with one or another tool of type or organization but have a limited understanding of the entire eco-system that is emerging

Leverage for Good

An Introduction to the New Frontiers of Philanthropy and Social Investment

Lester M. Salamon

Description

With the resources of both governments and traditional philanthropy barely growing or in decline, yet the problems of poverty, ill-health, and environmental degradation ballooning daily, new models for financing social and environmental objectives are urgently needed. Fortunately, a revolution is underway in the instruments and institutions available to meet this need. Loans, loan guarantees, private equity, barter arrangements, social stock exchanges, bonds, social secondary markets, and investment funds are just some of the actors and tools occupying the new frontiers of philanthropy and social investment. Together they hold the promise of leveraging for social and environmental purposes not just the billions of dollars of charitable grants but the hundreds of billions, indeed trillions, of dollars of private investment capital.

While the changes under way are inspiring, they remain largely uncharted. This concise introduction to the topic, and its companion volume, provide the first comprehensive and accessible roadmap to these important advances. In the process, these works will better equip investors, philanthropists, social entrepreneurs, nonprofit leaders, business executives, government officials, and students the world over to capture the opportunities that these developments hold out to them and to our world.

Leverage for Good

An Introduction to the New Frontiers of Philanthropy and Social Investment

Lester M. Salamon

Table of Contents

Preface by Rip Rapson
Acknowledgements

Chapters
1. Introduction: The Revolution on the Frontiers of Philanthropy and Social
2. Scouting Philanthropy's New Frontier I: The New Actors
3. Scouting Philanthropy's New Frontier II: New Tools
4. Why Now?
5. Remaining Obstacles
6. Prescription: The Way Forward

Appendix
A: New Frontiers of Philanthropy Advisory Panel
B: Table of Contents for Companion Volume, New Frontiers of Philanthropy: A Guide to the New Actors and Tools Reshaping Global Philanthropy and Social Investing

Bibliography

Leverage for Good

An Introduction to the New Frontiers of Philanthropy and Social Investment

Lester M. Salamon

Author Information

Lester M. Salamon served as deputy associate director of the US Office of Management and Budget and is now Professor at the Johns Hopkins University and Director of the Johns Hopkins Center for Civil Society Studies.

Leverage for Good

An Introduction to the New Frontiers of Philanthropy and Social Investment

Lester M. Salamon

Reviews and Awards

"Lester Salamon is a first-order scholar of global civil society. In an earlier work he put the importance of nonprofits worldwide on the map. In this work he provides a roadmap to the many new actors and tools that are enlarging the philanthropic space. Policy makers and practitioners owe him a great debt." --Barry Gaberman, Senior Vice President (retired), the Ford Foundation

"All too many financial advisors cannot figure out how to address their best clients' concerns about charitable giving or impact investing -- for them it is an entirely new language they cannot speak. Salamon's book translates it for those advisors and better yet, for their home offices that must develop a plan for this new world of philanthropy and social investment, and do it soon." --Christopher L. Davis, President, The Money Management Institute

"Here in one place are the varied contributions to the brave new world of social investing -- essential reading and clearly explained." --Richard Holloway, author of Towards Financial Self-Reliance

"The book is well structured, the graphs and boxes illustrate and explain the content of the book. Moreover, the outline helps us to understand the topic by highlighting the most important points, and the wide margins allow the possibility of adding notes or comments. The glossary is a well-structured helpful part of the book, as Salamon mentioned in the book, the 'terminology is a wasteland' generally in the midst of a paradigm shift. The topic could be useful for professionals of the third sector as well as for researchers, students, or business people if they are or want to be involved with the third sector." --International Society For Third-Sector Research